1. how is the depreciation recorded at year end? Select all that apply

2. how old the disposal of the machine be recorded? Ignore the partial year depreciation entry. Select all that apply

options for questions:

a) decrease depreciation expense

b) increase equipment

c) decrease accumulated depreciation

d) Increase cash

e) increase loss on disposal

f) decrease loss on disposal

g) increase depreciation expense

h) decrease gain on disposal

i) decrease cash

j) increase accumulated depreciation

k) increase gain on disposal

L) decrease equipment

Thornhill Manufacturing Inc. purhased and later sold a machine. Details relating to the machine are below. Acquisition cost $132,000 Date of purchase 1-Apr-20 Date put into use 1-May-20 Estimated useful life in years 5 Estimated residual value $18,000 Date of disposal 1-Jul-24 Proceeds of disposal $58,000 Complete a depreciation chart for this machine and then answer the following questions